Oil prices fall after Opec+ confirms crude production increase
Opec+ said it would proceed with a plan to increase oil production from April, in an unexpected move by the cartel that sent crude prices tumbling. Saudi Arabia and seven other members of the Opec+ group had previously delayed a plan to unwind long-standing output cuts several times and traders had widely expected it to be postponed again.
While there might be some correlation between Saudi production policies and U.S.-Saudi relations, the reality seems more ...
Members of OPEC+ are planning to gradually unwind production curbs in April, which would add supply and could lead to lower ...
OPEC and its allies’ decision to raise crude oil production from April seems more like a move to please US President Donald ...
OPEC+ will proceed with plans to revive halted oil production after repeated delays, amid pressure from President Donald ...
OPEC+ just blinked after its long standoff with middling oil prices. The Saudi- and Russia-led group said Monday that it ...
With the production freeze failing to keep prices elevated, OPEC+ members may see little merit in maintaining the status quo.
The Brent crude benchmark sits at a six-month low below the $70 per barrel-mark. The OPEC+ cartel will increase its ...
As OPEC+ debated whether to keep oil output steady due to weak global demand or pump more in response to internal pressure ...
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